Sitting down with a start up

Here's a checklist of issues accountants like to discuss with clients setting up in business for the first time.

Tax relief for innovative corporate businesses

In this blog we remind company directors to consider whether they are eligible for the R&D Tax Reliefs.
 
Research and Development (R&D) tax relief is a company tax relief which applies to all UK companies and can either reduce a company’s tax bill or – for some small or medium-sized companies – provide a cash sum (tax credits).

In both cases, this comes in the form of an enhanced expenditure relief for R&D expenditure that provides genuine incentives for small and medium sized enterprises (SMEs) to conduct R&D. The 2014 Finance Act increased the tax credit arising on R&D relief to 14% of “the surrenderable loss on qualifying expenditure” from 1 April 2014. Depending on the company’s profitability this can be up to 14% of the qualifying expenditure.

M&A Integration Business Planning

It is often reported that the principal reason for merger & acquisition deal failure is attributed to not paying proper attention to the integration process before, during and after a transaction. This is a common theme across all business sectors – and in a challenging and changing Energy industry, getting this right now is of utmost importance.

Invest some time to understand tax changes

In this blog we examine the recent changes to the treatment of investment income...